Murray, IA — income, home value, property tax, and sales tax.
Households in ZIP code 50275, near Murray, earn a median of $72,232, placing the area in middle-income territory rather than among Iowa's wealthier communities. Per-capita income sits at $38,410, and median home values reach $122,400. Property taxes are levied at the county level at an effective rate of 1.60%, so a home at that median value would generate roughly $1,958 in annual tax. Shoppers also pay a combined 7.00% sales tax on purchases. Together these figures describe a working-to-middle-income pocket where housing costs stay within reach but the overall tax load remains a real consideration.
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